Who is Transworld
Transworld Systems, Inc. (TSI) is now one of the largest debt collection agencies in the United States. TSI has a long history of complaints from consumers, alleging harassment and unfair collection practices.
What to do
While debt collectors play an important role in the financial system, they are not your friends. It is important to be aware of your rights. Click here to find out what you can do.
They are calling the wrong person. You already paid your debt off. There are a million valid reasons to dispute a debt. Look no further to start filing disputes starting with the actual company that is calling you.
Who Is Transworld Systems, Inc
Transworld Systems, Inc. (TSI) was founded in 1962 as a credit reporting agency. In the 1980s, TSI began to focus on debt collection, and it quickly became one of the largest debt collection agencies in the United States.
TSI has a long history of complaints from consumers, alleging harassment and unfair collection practices. In 2016, the Consumer Financial Protection Bureau (CFPB) sued TSI for violating consumer protection laws. The CFPB alleged that TSI was harassing consumers and using deceptive tactics to collect debts. TSI settled the lawsuit with the CFPB in 2017, agreeing to pay a $2.5 million fine and to change its collection practices.
Despite its history of complaints, TSI remains one of the largest debt collection agencies in the United States. TSI’s website states that it is “committed to providing our clients with the highest quality debt collection services while adhering to the highest standards of ethical and professional conduct.”
What To Do If Contacted By Transworld Systems, Inc.
While debt collectors play an important role in the financial system, they are not your friends. They are not there to help you. Collectors collect money for their clients, and do whatever it takes to get the job done.
If you are contacted by a debt collector, it is important to be aware of your rights. You have the right to:
- Verify the debt: Debt collectors are required to provide you with certain information about the debt. This includes the original creditor, the amount of the debt, and the date it was due. If you are not sure if the debt is legitimate, you can ask the debt collector for proof of the debt.
- Dispute the debt: If you believe that the debt is not yours, or that you have already paid it, you can dispute it with the debt collector. You will need to provide documentation to support your claim.
- Make a payment arrangement: If you cannot afford to pay the debt in full, you can try to work out a payment arrangement with the debt collector. This may involve making smaller payments over a longer period of time.
- Be treated fairly: Debt collectors are prohibited from engaging in certain harassing or abusive practices, such as calling you at unreasonable hours, threatening you with violence or arrest, or lying to you about the debt.
Complaints can be filed with the Consumer Financial Protection Bureau (CFPB).
How To Dispute Your Debt
You must have a valid reason to dispute your debt for a chance at success. If you feel you have a valid reason and some proof to back up your dispute then proceed.
Transworld Systems Inc Contact Information
Transworld Systems Inc.
500 Virginia Drive Suite 514
Fort Washington, PA 19034